Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

121 NE 5th St # 3200, Miami FL 33132

Condo/Co-op For Sale
$468,000

BTC: 7.46411483

ETH: 293.47396673

New
1 ba
412 sqft

Overview

A move-in-ready, fully furnished studio in a building that permits short-term rentals a key differentiator in Downtown Miami, where Airbnb-approved inventory is limited and commands a premium. The 411 SqFt layout includes a 38 SF balcony above-average outdoor space for the segment plus integrated premium appliances and in-unit washer/dryer, reducing furnishing and turnover costs whether you’re targeting nightly stays or longer-term leases. Location is the core thesis: directly adjacent to the Brightline station and Metromover, and steps from the Miami Worldcenter development a multi-billion-dollar project anchoring sustained demand and infrastructure investment in the corridor. Proximity to the Kaseya Center, Museum Park, and Downtown’s dining and entertainment scene drives consistent guest and tenant appeal. Building amenities (rooftop pool, fitness center, co-working spaces, 24-hour concierge) support premium nightly rates and strong occupancy. A brand-new 2025 build minimizes near-term capex and maintenance risk a low-friction, flexible-use addition to any rental portfolio.

Location

Details

Type:
Residential
Parking:
Valet
Year Built:
2025
Lot:
No Data
Heating:
Central
Price/sqft:
$1,136
Cooling:
Central Air
HOA:
$589

Valuation

Our model vs. what's actually selling nearby.
Estimate
$499,000
$391K – $672K
Confidence Low
List vs. estimate
$31K below estimate
List $468,000 · -6.2%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$1,135
+101.3% vs. city median $564
Based on
55 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $537K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$589/mo
View
Bay, Water View
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Other Equipment/Appliances

    • Refrigerator

    • Washer

    Other interior features

    • Interior Hall

    • Lobby

    • First Floor Entry

    • Closet Cabinetry

    • Elevator

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • Valet

    Property

    • Exterior Features: Barbeque

    Other Property Information

    • Parcel Number: 01-41-01-008-0200

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $589

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A12039927

    Other facts

    • Construction Materials: Concrete Block Construction

    • Direction Faces: East

    • Architectural Style: High Rise

    • Living Area: 412

    • Subdivision Name: 501 FIRST RESIDENCES

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

For Sale
$565,000
House
4 bds · 2 ba · 1,453 sqft
NELSEN PARK, Miami
810 NW 21st Ct, Miami FL 33125
For Sale
$399,000
Condo/Co-op
· 1 ba
Elven Recidences, Miami
20 NE 11 Street # 2212A, Miami FL 33132
For Sale
$599,900
Condo/Co-op
1 bds · 1 ba · 335 sqft
House of Wellness, Miami
152 SW 9th Street # 2216, Miami FL 33130
For Sale
$549,000
Condo/Co-op
1 bds · 1 ba · 799 sqft
EPIC WEST CONDO, Miami
200 Biscayne Blvd Way # 3909, Miami FL 33131
For Sale
$599,000
House
3 bds · 2 ba · 1,248 sqft
DURHAM VILLAGE, Miami
1070 NW 44th St, Miami FL 33127
For Sale
$545,000
Condo/Co-op
1 bds · 1 ba · 759 sqft
ARIA ON THE BAY CONDO, Miami
488 NE 18th St # 3903, Miami FL 33132
For Sale
$450,000
Condo/Co-op
1 bds · 1 ba · 978 sqft
VIZCAYNE SOUTH CONDO, Miami
253 NE 2nd St # 424, Miami FL 33132
For Sale
$500,000
Condo/Co-op
· 1 ba · 544 sqft
501 First Residences, Miami
121 NE 5th St # 3704, Miami FL 33132

Market around this address

Live counts in the same area.
View all

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MAK Realty Group